2 weeks Ago By Defense World Staff
Legal & General Group Plc lifted its holdings in shares of The Goldman Sachs Group, Inc. ( NYSE:GS – Free Report ) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 2,780,338 shares of the investment management company’s stock after acquiring an additional 77,700 shares during the quarter. Legal & General Group Plc owned approximately 0.86% of The Goldman Sachs Group worth $1,257,602,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Personal Financial Services bought a new stake in The Goldman Sachs Group during the 1st quarter valued at approximately $25,000. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group during the second quarter valued at approximately $26,000.
Semmax Financial Advisors Inc. purchased a new stake in The Goldman Sachs Group in the second quarter worth $26,000. Headlands Technologies LLC purchased a new stake in The Goldman Sachs Group in the second quarter worth $27,000.
Finally, Versant Capital Management Inc raised its holdings in The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after purchasing an additional 34 shares in the last quarter.
Hedge funds and other institutional investors own 71.21% of the company’s stock. Insider Buying and Selling at The Goldman Sachs Group In other news, insider Brian J.
Lee sold 3,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.
00. Following the completion of the sale, the insider now owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . In other news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction on Tuesday, July 16th.
The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00.
Following the transaction, the insider now owns 12,095 shares in the company, valued at approximately $6,119,949.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.
04, for a total value of $5,050,400.00. Following the completion of the sale, the director now owns 12,450 shares of the company’s stock, valued at $6,287,748.
The disclosure for this sale can be found here . 0.54% of the stock is owned by corporate insiders.
The Goldman Sachs Group Stock Up 1.2 % The Goldman Sachs Group ( NYSE:GS – Get Free Report ) last announced its earnings results on Monday, July 15th. The investment management company reported $8.
62 earnings per share for the quarter, beating analysts’ consensus estimates of $8.52 by $0.10.
The business had revenue of $12.73 billion during the quarter, compared to analyst estimates of $12.60 billion.
The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%.
Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 35.43 earnings per share for the current year.
The Goldman Sachs Group Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a $3.00 dividend.
This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date of this dividend is Friday, August 30th.
This represents a $12.00 dividend on an annualized basis and a yield of 2.41%.
The Goldman Sachs Group’s dividend payout ratio is currently 46.86%. Wall Street Analysts Forecast Growth A number of research firms have recently weighed in on GS.
UBS Group upped their target price on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th.
Evercore ISI raised their target price on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th.
BMO Capital Markets boosted their price target on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th.
Seaport Res Ptn downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th.
Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $496.44.
Get Our Latest Stock Analysis on GS The Goldman Sachs Group Profile ( Free Report ) The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.
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